September 6, 2026 - 05:58

A 1,116-square-foot single-family house, originally built in 1950, has just sold for $299,500. The property changed hands recently, and the sale price stands out in a city where the average home cost has climbed well past the half-million mark.
The house sits on a standard lot and offers three bedrooms and one bathroom. While the interior likely needs some updating, the price point is drawing attention from first-time buyers and investors alike. Real estate observers note that finding any detached home under $300,000 in Ottawa has become increasingly uncommon over the past five years.
The sale reflects a broader trend of older, smaller homes entering the market at more accessible price levels, especially in neighborhoods farther from the downtown core. The property's age means it may qualify for certain renovation programs, which could appeal to buyers willing to put in some work.
Local agents say the quick sale suggests strong demand at this price range. They add that homes in this bracket often attract multiple offers, though this particular transaction appears to have moved smoothly. For buyers who have been priced out of the typical Ottawa market, this sale offers a glimpse of what is still possible, even if it requires compromise on size or condition.
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